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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (4108)	1/24/2003 7:16:24 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 12465

Kerry, your last post should be required reading for all 18 sets of shareholders of the companies who have opted out of the DTC clearing system. Great job, as always. - Jeff

To: EL KABONG!!! who wrote (4108)	1/24/2003 8:24:10 PM
From: Win-Lose-Draw	Read Replies (2) \| Respond to of 12465

thanks for the explanation. i must still be missing something, because when i put my mind in criminal mode i have trouble seeing how this benefits the companies. lets be blunt: most if not all of these "enterprises" exist for the sole purpose of issuing more shares. anything that makes it harder for those shares to enter the system puts a dint in their bottom line. even if they manage to jack the share price up - which i'm not sure i believe because i very much doubt many stocks are beaten down by shorting - how can they quickly profit by dumping stock into the price spike if it takes so long to sell the stock? we're talking about companies that routinely increase the float by 25-50-100% of the float, that's a lot of paper to move by hand! put another way, if what they were really after is merely the paper-only trading of yester-century, they shouldn't be the least bit upset if DTC pulls the plug on their access to the clearinghouse. (i guess i should add the the very first layer of investors - the private placement boys - are a crowd i generally assume as being in league with the crooked companies themselves.)